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Q: Economics Question

A: Market, command and mixed economy are type of economies.

Q: Which market offers higher consumer surplus and why? The perfectly competitive firm or the monopoly ...

A: In perfect competition, there are large number of buyers and sellers and each firm sells identical g...

Q: The table below represents a particularconsumer’s evaluative criteria, criteria importance,acceptabl...

A: Customers find it difficult to make choices among products that have similar attributes. In order to...

Q: AVAC is the only pharmaceutical firm producing a Vaccine. The Demand Curve for its product is Qd = 2...

A: Part a ) AVAC is a PERFECTLY COMPETITIVE FIRM since there are large no of sellers operating in pharm...

Q: 4. Under what conditions could an import quota and a tariff have exactly the same effect on price an...

A: A tariff is a tax on imported goods. It is imposed by the government on the imports of a good.  Quot...

Q: Demand Q(P)= 16,137-489P and Cost Function C(Q)= 11,296+17Q Calculate profit maximizing quantity und...

A: Q(P)= 16,137-489P C(Q)= 11,296+17Q  

Q: AVAC is the only pharmaceutical firm producing a Vaccine.   The Demand Curve for its product is Qd =...

A: Monopoly is an imperfect market structure in which there is a sole producer of the good, with no sub...

Q: Everything else held constant, a change in workers' expectations about inflation will cause to chang...

A: Inflation refers to an increase in the general price level in an economy over a particular period of...

Q: Question: Meridiana is a French manufacturing firm and there are serious trust deficits between the ...

A: Trust deficit means that workers have lack of faith in their leaders. This trust deficit impact the ...

Q: In perfect competition, the firm's profit maxinmizing point is: Where MR = MIC %3D O Where MR = MC c...

A: Perfect competition is the market form where there is a large number of firms producing homogeneous ...

Q: What are the benefits provided by unemployment insurance and unemployment insurance fund?

A: Insurance is a form of risk management used primarily to hedge against the risk of a loss being cont...

Q: Sales are the function of advertising in The Dawn and Diva Magazine (X, Y). S = XY2 If the price of ...

A: Here the concept of utility maximization is used to find the combination of Diva and Dawn magazines ...

Q: Using graphical illustration of AS-AD framework, show the effects of following events on real output...

A:

Q: Is there any policy that can immediately reduce unemployment and inflation rate?

A: Inflation refers to an increase in the general price level in an economy. 

Q: these multiple choice Questions from MACROECONOMICS Course.I need the final answer,please.

A: Unemployment rate is given as  UR= ( Number of unemployed/ Labor force)*100 Labour force consists of...

Q: Prior research shows that ___________ of the return in the US markets since 1980 accrues on the anno...

A: Fed open market committee (FOMC) is the authority that has the right to make an open market purchase...

Q: When we call market is imperfect?

A: Market: It is a medium by which the exchange of goods and services takes place.  

Q: Describe the concept of "Efficiency" with the help of the PPF concept.

A: PPF or production possibility frontier shows the combination of goods which could be produced from t...

Q: Why some countries are really poor? Please draw the cycle of poverty and explain this cycle at least...

A: Some countries have low employment,investment,saving,capital formation etc. Therefore they have vici...

Q: Answer your friend who claims that; b) The condominium prices are similar to those in other property...

A: b) The condominium prices are different from the other properties. The prices are usually higher tha...

Q: Insights about train law

A: In December 2017,the first package of the (“TRAIN”) or Tax Reform for Acceleration and Inclusion was...

Q: Suppose firms become very optimistic about future business conditions and invest heavily in new capi...

A: Aggregate demand: It is a monetary estimation of the aggregate sum of demand for every completed gre...

Q: Analyze and explain the effect of the minimum wage law on the unemployment rate. Explain your answer...

A: Minimum wage act: - it ensures the minimum amount of wage for workers. Unemployment: - unemployment ...

Q: Suppose Honda's total cost of producing 4cars is $225000and its total cost of producing 5cars is $25...

A: Given, Total cost of producing 4 cars = $225000 Total cost of producing 5 cars = $ 250000

Q: Inayah is a rational consumer who consumes milk and cookies only from her monthly income of Rs. 1,50...

A: Quantity MU of  milk Rs.500 MU of Cookies Rs.300 1 400 450 2 350 200 3 200 150 4 100 100...

Q: To remain in consumer optimum, a price decrease requires V in consumption. A price increase requires...

A: To remain in consumer optimum, a price decrease requires an increase in consumption. A price increas...

Q: During the COVID-19 Lockdown in May, many rickshaw-pullers left the market of rickshaw-rides and wen...

A: The covid lockdown was made to stop the people from infecting by the virus through the communal spre...

Q: Suppose firms become very optimistic about future business conditions and invest heavily in new capi...

A: Investment decision is in the intention of producing a benefit or gain, is the process of allocating...

Q: The marketing department of a phone company used İzmir to test marketthe firm’s new model. They foun...

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...

Q: Insights about train law

A: The Acceleration and Inclusion Tax Reform (TRAIN) Act is the package of the Comprehensive Tax Reform...

Q: The investors of Smith Autos have put up $500,000 to construct a building and purchase all equipment...

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If y...

Q: If marginal cost is less than average variable cost and output increases, average total cost and ave...

A: The marginal (MC) cost is the extra cost incurred due to the production of an additional unit of out...

Q: An economy is operating with output that is $40 billion below its natural level, and fiscal policyma...

A: Change in government spending depends on the multiplier: Multiplier: α= 11-mpc mpc=45α=11-45α=15-45α...

Q: 2-  What is the difference between deposit multiplier and money multiplier? Explain.

A: Money Multiplier The money multiplier  is a measure of the extent to which the creation of money in ...

Q: Donna and Jim are two consumers purchasing strawberries and chocolates. Jim’s utility function is U ...

A: The utility function for Jim is given as follows: The income of Jim is given as $100. Thus; The bu...

Q: An isocost line identifies O The least costly combination of inputs needed to produce a given level ...

A: Iso cost line is a combination of isoquant maps helps in determining the optimum level of production...

Q: In 2006, the five leading suppliers of digital cameras in the United States were Canon,Sony, Kodak, ...

A: Given that the market share of top 5 firms is 60.9%, it implies that the majority of share of market...

Q: A firm's production function is initially Q = KL . Over time, the production function changes to Q =...

A: In the above situation since the production function changes over time but L and K values remains th...

Q: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and...

A: Since you have asked questions with multiple subparts, we will solve the first question with their s...

Q: Consider a production function Y KªL1-a. a) What is the marginal product of capital? Write down the ...

A: Since you posted multiple subparts, we will answer first three for you. If you want any particular p...

Q: 3.    You read in a business magazine that farmers are reaping high profits. With the theory of perf...

A: Perfect competition is a market structure where there are large number of buyers and sellers. The se...

Q: Who does general health insurance cover in terms of persons? Who can be excluded? How is the obligat...

A: Health insurance is a contract between an insurance provider and between an individual or their spon...

Q: A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the division is $1...

A: The goal of every firm is to maximize its profits. Profits are the excess of revenue receipts over t...

Q: Q.3 a. The Government of Bangladesh opted for expansionary fiscal policy to fight economic depressio...

A: Expansionary fiscal policy increases aggregate demand, which shifts AD curve rightward, increasing p...

Q: Examine the problem of pro-cyclicality in capital regulation and discuss how Basel 3 addresses this ...

A: Minimum capital requirements in basel 3 is 4.5%,compared to 2% in basel 2. Procyclicality is related...

Q: An economy is operating with output that is $40 billion below its natural level, and fiscal policyma...

A: MPC=4/5 Output=$40 billion To close the recessionary gap,government spending would have to be increa...

Q: P(A) = 0.2 P(B) = 0.3 P(A and B) = 0.1 Find P(A or B)

A: Given: P(A) = 0.2 P(B) = 0.3 P(A and B) = 0.1

Q: You have been hired by Kia as manager for its Pakistan operations. Assume following is the short-run...

A: When L1 = K1 = 1, Q1 = 60 x (1)0.3 x (1)0.7 = 60 x 1 = 60 When L2 = K2 = 2, Q2 = 60 x (2)0.3 x (2)0....

Q: You are the chief economic adviser in a small open economy with a fixed exchange-rate system. The go...

A: Fixed exchange rate is a rate which has fixed by the government and no other forces can impact to ch...

Q: Suppose Malik is one of the many sellers of milk in Karachi who owns his business with the title Mal...

A: In order to minimize the costs, a firm produces at its lowest average cost quantity. This is a given...